Tesla shares slide amid analyst questions

10:04 PM,
Apr. 3, 2013

The Tesla Model S financing deal, offered by Wells Fargo and U.S. Bancorp, provides qualified customers with 10% of the purchase price of the sedan and guarantees a minimum resale value after three years.

Written by

Alan Ohnsman and Craig Trudell
Bloomberg News

Tesla Motors stock suffered its steepest drop in more than a month after analysts questioned whether a new lease-style financing offer will boost demand for the company's Model S.

Tesla fell 7.3% to $41.10 Wednesday, the biggest one-day drop since Feb. 21, after closing at a record $44.34 Tuesday. The shares have gained 21% this year.

The Model S financing deal, offered by Wells Fargo and U.S. Bancorp, provides qualified customers with 10% of the purchase price and guarantees a minimum resale value after three years, Tesla said Tuesday. "Our early analysis suggests that while the program is ...